BTIG Reiterates Buy Rating on Cipher Digital Inc. (CIFR)
BTIG maintains a buy rating on Cipher Digital with a $35 price target, a 34.93% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Cipher Digital Inc. (CIFR) with a price target of $35 on June 25, 2026.
- BTIG's $35 price target implies 34.93% upside from Cipher Digital Inc.'s ($CIFR) current $25.94 share price.
- Cipher Digital's shares traded at $26.19 on Thursday, with a market cap of about $11.5 billion and a forward P/E of 42.
- Other analysts, including Morgan Stanley and Needham, also maintain buy ratings with targets ranging from $25 to $48.5.
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Shares of Cipher Digital Inc. (NasdaqGS:CIFR) were trading at $26.19 on Thursday after BTIG reiterated its buy rating on the company. Analyst Gregory Lewis set a price target of $35 on June 25, 2026, indicating confidence in the company's prospects.
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Other Institutional Activity in Cipher Digital
Several institutional investors adjusted their positions in Cipher Digital. BlackRock, Inc. added 307,789 shares, bringing its total to 28,462,858 shares valued at approximately $366.3 million, marking a 1.1% increase. Vanguard Portfolio Management LLC opened a new position with 22,310,297 shares worth about $287.1 million. D. E. Shaw & Co., Inc. increased its holdings by 1,000,518 shares to 16,388,535 shares, valued at $210.9 million, a 6.5% rise. Jane Street Group, LLC reduced its stake by 4,992,701 shares, leaving it with 11,428,614 shares valued at $147.1 million, a 30.4% decrease.
Cipher Digital Inc. Stock Up 71.0%
Cipher Digital Inc. has a market capitalization of approximately $11.5 billion. The company has a forward P/E ratio of 42 and a beta of 3.203, indicating higher volatility. Its shares have traded between $3.29 and $30.14 over the past 52 weeks. The stock's 50-day moving average is $21.14, while the 200-day moving average stands at $17.21. The company has a current ratio of 3.126 and a quick ratio of 0.581, with a debt-to-equity ratio of 641.56.
$CIFR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cipher Digital reported revenue of $209.8 million, although it experienced a revenue decline of 28.8%. The company is not currently profitable, with negative earnings per share of -$2.32 and a return on equity of -121.7%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Cipher Digital Inc.
On June 22, 2026, CEO Rodney Tyler Page made several transactions. He bought 1,419,236 shares and sold the same amount, along with an additional 724,520 shares at an average price of $28.14. On June 18, Cary Grossman sold 15,000 shares at $29.43, while James Newsome sold 3,758 shares at $26.60 on June 16 and 3,342 shares at $20.96 on May 11.
Analysts Set New Price Targets
BTIG maintained its buy rating with a $35 target on June 25, 2026. Other firms like Morgan Stanley and Needham have also maintained buy ratings with price targets of $48.5 and $25, respectively. The consensus among analysts is a strong buy, with an average target price of $32 based on 16 opinions.
About Cipher Digital Inc.
Cipher Digital Inc., based in New York, operates large-scale data centers for bitcoin mining and high-performance computing hosting. The company builds facilities for hyperscaler tenants and runs a bitcoin mining data center. Founded in 2021, Cipher Digital was previously known as Cipher Mining Inc. before changing its name in February 2026. Led by CEO Rodney Tyler Page, the company employs 66 people.
Bottom Line
BTIG's reiteration of a buy rating on Cipher Digital reflects continued confidence in the company's future. Shares have shown volatility, trading near recent highs. Investors keep a close eye on institutional activity and insider transactions, while analysts' ratings suggest optimism for Cipher Digital's growth. As always, remember that analyst ratings are just one piece of the investment puzzle.
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